Despite New 15% Tax, Interest from Foreign Investors Continue Rising

Although we have seen a slowdown in the market, it is more geared towards the luxury homes. It is possible that with the new 15% tax, foreign investors are now more interested lower priced homes such as condos and townhouses. According to Juwai, interest in homes under $1,000,000 have increased. Since it has still only been a little while since the 15% tax was introduced, we will still have to wait and see what the market will turn into.

Read more on this article here.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s